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Economy
31 December 2015, 16:31

Belarus' external state debt 0.3% down to $12.5bn in January-November

MINSK, 31 December (BelTA) – As of 1 December 2015 Belarus' external state debt totaled $12.5 billion, $42.6 million or 0.3% down since the beginning of the year taking into account differences in currency exchange rates, representatives of the Belarusian Finance Ministry told BelTA.

In January-November 2015 external state borrowings totaled $2,013.4 million, including $1,461.2 million borrowed from the government and banks of the Russian Federation, $488.9 million from Chinese banks, and $63.3 million from the International Bank for Reconstruction and Development.

Since the beginning of the year Belarus has spent $1,843.5 million to repay the external state debt, including $1 billion paid for eurobonds, $264.8 million to the Eurasian Fund for Stabilization and Development, $275 million to the Russian government, $147.6 million to Chinese banks, and $75.9 million to the IMF. Belarus also returned $56.6 million to Venezuelan banks, $20.9 million to the IBRD, and $2.7 million to the USA.

As of 1 December Belarus' state debt stood at Br318.5 trillion, Br121.1 trillion or 61.3% up since the beginning of the year.

The internal state debt amounted to Br90.9 trillion, Br42.5 trillion up or 87.9% up since the beginning of the year. Taking into account differences in currency exchange rates the internal state debt increased by Br17.7 trillion, including due to changes in the exchange rate of the Belarusian ruble.

In January-November 2015 the Belarus government sold $1,924.7 million and Br2,152.9 billion worth of domestic government bonds nominated in foreign currencies to corporations and individuals (without taking into account exchange operations).

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